Bitcoin’s ‘megaphone pattern’ breaks out; Is $270,000 next?
A trading expert is projecting that Bitcoin (BTC) has the potential to surge beyond the $250,000 mark at a time when the asset is basking in the glory of making history after making its first monthly close above $100,000 in January. Gert van Lagen observed that Bitcoin is signaling a breakout from a long-term bullish “megaphone pattern,” which indicates the possibility of reaching a record high of $271,000, as he noted in an X post on January 30. Bitcoin price analysis chart. Source: TradingView/Gert van Lagen The megaphone pattern, formed on the two-week chart, is characterized by widening price swings with higher highs and lower lows, with an upper resistance trendline around the $120,000 level. Picks for you Here's gold's path to $3,000 after hitting new all-time high 2 hours a...